Clayton Partners LLC Buys Shares of 141,603 Acacia Research Corporation $ACTG

Key Points

• Clayton Partners LLC acquired a new stake in Acacia Research Corporation, purchasing 141,603 shares valued at around $453,000, indicating growing investor interest in the company.
• Institutional investors own approximately 86.69% of Acacia Research's stock, highlighting significant institutional backing for the firm.
• Acacia Research's shares were downgraded from a "buy" rating to a "hold" rating by Wall Street Zen on August 9, which may impact future investor decisions.

Clayton Partners LLC acquired a new position in shares of Acacia Research Corporation (NASDAQ:ACTG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 141,603 shares of the business services provider's stock, valued at approximately $453,000. Clayton Partners LLC owned approximately 0.15% of Acacia Research at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its holdings in Acacia Research by 11.6% during the 1st quarter. Krilogy Financial LLC now owns 1,158,024 shares of the business services provider's stock worth $3,706,000 after acquiring an additional 120,024 shares in the last quarter. Peapod Lane Capital LLC grew its holdings in Acacia Research by 82.9% during the 1st quarter. Peapod Lane Capital LLC now owns 435,279 shares of the business services provider's stock worth $1,393,000 after acquiring an additional 197,268 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Acacia Research in the 4th quarter worth about $46,000. Deutsche Bank AG bought a new position in shares of Acacia Research in the 4th quarter worth about $40,000. Finally, Barclays PLC lifted its position in shares of Acacia Research by 14.1% in the 4th quarter. Barclays PLC now owns 56,787 shares of the business services provider's stock worth $247,000 after buying an additional 6,999 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Acacia Research from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Acacia Research Trading Down 2.2%

NASDAQ ACTG traded down $0.08 on Tuesday, hitting $3.34. 191,052 shares of the company were exchanged, compared to its average volume of 223,060. The firm has a market capitalization of $321.63 million, a P/E ratio of -55.57 and a beta of 0.65. Acacia Research Corporation has a twelve month low of $2.70 and a twelve month high of $5.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.80 and a quick ratio of 8.29. The company's 50 day moving average price is $3.55 and its 200-day moving average price is $3.56.

Insider Buying and Selling at Acacia Research

In other news, Director Isaac T. Kohlberg sold 16,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $3.84, for a total value of $61,440.00. Following the transaction, the director owned 85,446 shares in the company, valued at $328,112.64. This represents a 15.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.65% of the stock is owned by corporate insiders.

Acacia Research Company Profile

Acacia is a publicly traded Nasdaq: ACTG company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.